Date:01/08/2008 URL: http://www.thehindu.com/2008/08/01/stories/2008080155681600.htm

Business - Briefly

Parsvnath Developers posts lower profits

NEW DELHI: Parsvnath Developers has reported a 16 per cent decline in net profit at Rs. 71 crore for the quarter ended June 30, 2008 against Rs. 84 crore in the first quarter of 2007-08. However, net sales rose by five per cent to Rs. 372 crore against Rs. 357 crore. — Special Correspondent